I rang two brokers today to try and short PAR and I also tried using CFD's, including IG, however PAR shorts are not available.
For the record, I sold some PAR yesterday purely from a TA perspective and I believe the delays will push it a little further down. I'm still holding a very big long position in the stock and I believe that PAR share price will turn the corner eventually.
As for the shorts, they are massively in the money with my estimate being that they probably got them at about a $3+ average so they have plenty of room to slowly unload them, but clearly they are expecting a rocky road ahead or they'll close out their positions on a capital raising.
Chart, page-1927
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Last
20.0¢ |
Change
-0.015(6.98%) |
Mkt cap ! $70.04M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.0¢ | $201.6K | 994.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 429247 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 13806 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PAR (ASX) Chart |